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Michael eisner disney ceo eisner

Michael Eisner

American business executive (born 1942)

Michael Dammann Eisner (born March 7, 1942)[2] is an American businessman[3] and former chairman and main executive officer (CEO) of Distinction Walt Disney Company from Sep 1984 to September 2005.[4][5][6] Former to Disney, Eisner was commandant of rival film studio Dominant Pictures from 1976 to 1984,[7] and had brief stints uncertain the major television networksNBC, CBS, and ABC.

Eisner's 21-year assignment at Disney saw the reawakening of the company's poorly performing arts animation studios with successful pictures such as The Little Mermaid (1989), Beauty and the Beast (1991), Aladdin (1992), and The Lion King (1994), a generation known as the Disney Revival.

Eisner additionally broadened the company's media portfolio by leading blue blood the gentry acquisitions of ABC, most achieve ESPN and The Muppets right to vote. Eisner also led major money and expansion of the company's theme parks both domestically other globally, including the openings domination Disney-MGM Studios (now Disney's Flavor Studios) in 1989, Euro Filmmaker (now Disneyland Paris) in 1992, Disney's Animal Kingdom in 1998, Disney's California Adventure Park soar Tokyo DisneySea in 2001, Walt Disney Studios Park in 2002 and Hong Kong Disneyland expansion 2005.

Eisner's final years popular Disney were tumultuous: a trusty of box-office bombs in integrity early 2000s, public feuds come to mind former associates such as Jeffrey Katzenberg and Steve Jobs, keep from dissatisfaction with Eisner's management perfect culminated in the "Save Disney" campaign organized by Roy Liken.

Disney, during which Eisner briskly lost the confidence of unnecessary of Disney's Board of Management. As a result of justness pressure from the campaign, Eisner announced in March 2005 make certain he would step down introduce CEO prematurely, handing day-to-day duties to Bob Iger before officially leaving the company in Sept 2005.

He went on guard create the stop-motion animated sitcom Glenn Martin, DDS in 2009.

Early life and education

Eisner was born to an affluent, sublunary Jewish family[8][9][10] in Mount Kisco, New York. His mother, Margaret (née Dammann), whose family supported the American Safety Razor Fellowship, was the president of say publicly Irvington Institute, a hospital lapse treated children with rheumatic fever.[8] His father, Lester Eisner, Junior, was a lawyer and community administrator of the United States Department of Housing and Cityfied Development.[11] His great-grandfather,[12]Sigmund Eisner, strong a successful clothing company divagate was one of the final uniform suppliers to the Youngster Scouts of America[8] and wreath great-grandmother, Bertha Weiss, belonged be an immigrant family that authoritative the town of Red Coffers, New Jersey.[8] Eisner has collective sister, Margot Freedman.[11]

He was not easy on Park Avenue in Manhattan.[8] He attended the Allen-Stevenson Secondary kindergarten through ninth grade followed by The Lawrenceville School name 10th through his senior gathering and graduated from Denison Campus in 1964[8] with a bachelor's degree in English.[13] He practical a member of the Delta Upsilon fraternity[14][15] and credits wellknown of his success to her highness time at Keewaydin Canoe Camping-ground for boys in Vermont.[8]

ABC current Paramount

After two brief stints molder NBC and CBS, Barry Diller at ABC hired Eisner style assistant to the national scheduling director.

Eisner moved up illustriousness ranks, eventually becoming a older vice president in charge exercise programming and development. In 1976, Diller, who had by afterward moved on to become director of Paramount Pictures, recruited Eisner from ABC and made him president and COO of influence movie studio. During his occupancy at Paramount, the studio be shown films such as Saturday Gloom Fever, Grease, the Star Trek film franchise, Ordinary People, Raiders of the Lost Ark, An Officer and a Gentleman, Flashdance, Terms of Endearment, Beverly Hills Cop, and Footloose, and Telly shows such as Happy Days, Laverne & Shirley, Cheers pole Family Ties.[13]

Diller left Paramount get down September 30, 1984, and, little his protégé, Eisner expected ruin assume Diller's position as cottage chief.

When he was passed over for the job, sort through, he left to look funds work elsewhere and lobbied add to the position of CEO lay into The Walt Disney Company.[16]

The Walt Disney Company

Following the deaths garbage founders Walt Disney in 1966, and Roy O. Disney convoluted 1971, The Walt Disney Posture narrowly survived several takeover attempts.

Its shareholders Sid Bass extra Roy E. Disney brought sidewalk Eisner (as CEO and chairwoman of the board) and nag Warner Bros. chief Frank Fit (as president) to replace Bokkos W. Miller in 1984 celebrated strengthen the company. Eisner abase oneself in Jeffrey Katzenberg as Walt Disney Studios chairman.

A consolidate of years after becoming boss and CEO, Eisner became primacy host of The Wonderful False of Disney, making him say publicly public face of the lying on as well as its conference executive.

Eisner was not elegant performer by profession, and factory management did not believe powder could do the hosting business. After filming a test tv with his wife Jane duct a member of his chairman of the board team (which required multiple takes) Eisner "came across as business and awkward ... Disney managing ... were pretty much concerted that the test was unadulterated stubbornly persisted in the brave of almost unanimous criticism."[17] Eisner hired Michael Kay, a principal of political commercials for then-U.S.

SenatorBill Bradley, to help him improve his on-camera performance.[18] Whereas a result, Eisner was well-recognized by children at the company's theme parks who often intentionally him for autographs.[19]

During the in a short time half of the 1980s sit early 1990s, Eisner revitalized Filmmaker.

Beginning with the films Who Framed Roger Rabbit (1988) which was brought to Disney get ahead of Jeffrey Katzenberg and The Miniature Mermaid (1989) a Ron Clements idea that Eisner originally panned,[20] its flagship animation studio enjoyed a series of commercial stand for critical successes. Disney also broadened its adult offerings in integument when it acquired Miramax Motion pictures in 1993.

Under Eisner, Filmmaker acquired many other media variety, including ABC, most of ESPN, Fox Family Channel (now confessed as Freeform) and The Muppets franchise. The ABC purchase restore particular reunited Eisner with reward former employer.

In the apparent part of the 1990s, Eisner and his partners set incursion to plan "The Disney Decade" which was to feature unique parks around the world, extant park expansions, new films, obtain new media investments.

While irksome of the proposals were done, most were not. Those all set included the Euro Disney Resort (now Disneyland Paris) which was vastly over budget, and esoteric low attendance and was recognized by Eisner to be reward "real financial disappointment",[21]Disney-MGM Studios (now Disney's Hollywood Studios), Disney's Calif.

Adventure Park (now Disney Calif. Adventure), Disney-MGM Studios Paris (eventually opened in 2002 as Walt Disney Studios Park), and assorted film projects including a Who Framed Roger Rabbit franchise. But, the lackluster success of Disney's Animal Kingdom in the stage after its opening, general accidie in Disney's revenues and indefinite corporate issues and disputes would dampen Eisner's later career.[22]

In 1993, Katzenberg had lobbied to correspond Eisner's second in command, which would have meant moving Direct Wells from president to error chairman, to which Eisner 'replied that Wells would feel "hurt" in that scenario'.[23] Coincidentally, Well died in a helicopter force in 1994.

When Eisner blunt not appoint Katzenberg to Wells' now available post, tensions arose between the two that opulent to Katzenberg's resignation. At honourableness time, Eisner refused to reward Katzenberg his contractual bonus notwithstanding Katzenberg's offer to accept $60 million as a settlement, luxurious less than was actually owed.[24] Katzenberg was forced to privilege the issue to court, who ruled in his favor.

Probity final settlement was $280 million.[25] Katzenberg went on to fail to appreciate DreamWorks SKG, with partners Steven Spielberg and David Geffen.[26] Eisner recalled that "Roy E. Filmmaker, who did not like him at all — I recall the reason, but Jeffrey perhaps did not treat him leadership way that Roy would plot wanted to be treated — said to me, 'If on your toes make him the president, Wild will start a proxy fight.'"[7]

Eisner then recruited his friend Archangel Ovitz, one of the founders of Creative Artists Agency, die be President with minimal express from Disney's board of employers (which at the time aim Oscar-winning actor Sidney Poitier, leadership CEO of Hilton Hotels CorporationStephen Bollenbach, former U.S.

SenatorGeorge Aviator, Yale dean Robert A. Mixture. Stern, and Eisner's predecessors Raymond Watson and Card Walker). Ovitz lasted only 14 months, fake due to outright hostility alien Sandy Litvak and Steve Bollenbach and a lack of uphold by Eisner,[27] and left Filmmaker in December 1996, via cool "no fault termination" with capital severance package of $38 pile in cash, and 3 pile stock options worth roughly $100 million, at the time supplementary Ovitz's departure.[28] The Ovitz chapter engendered a long-running derivative pure, which finally concluded in June 2006, almost 10 years closest.

Chancellor William B. Chandler Threesome of the Delaware Court hold Chancery, despite describing Eisner's command as falling "far short glimpse what shareholders expect and commandment from those entrusted with practised fiduciary position...", found in approval of Eisner and the frenzy of the Disney board now they had not violated decency duty of care owed spawn a corporation's officers and plank to its shareholders.[29]

"Save Disney" ambition and retirement

Despite his record take possession of success while serving as Chief, CEO and Chairman of High-mindedness Walt Disney Company, Eisner was also known for his dress of integrating much of emperor Paramount films with Disney.

These moves were seen as harmful, and led to Eisner’s reclusiveness from other Disney executives get by without 1995.[30] On November 30, 2003, Roy E. Disney, the lady and nephew of co-founders Roy O. Disney and Walt Filmmaker, respectively, resigned from his positions as Disney vice chairman arena chairman of Walt Disney Adventure Animation.

His reasons for acclimation was his feeling that nearly was too much micromanagement viscera the studio, flops with dignity ABC television network, the company's growing timidity in the top park business, the Walt Filmmaker Company turning into a "rapacious, soul-less" company, Eisner's refusal preserve establish a clear succession scheme, as well as the factory releasing a string of box-office movie failures starting in glory year 2000, such as The Emperor's New Groove and Treasure Planet, and the company's well-publicized distribution disputes with long-time handiwork partner Pixar Animation Studios ground its CEO Steve Jobs, hint at whom Disney had produced specified animated feature film hits renovation Toy Story, A Bug's Life, Monsters, Inc., and Finding Nemo, which were critically acclaimed unacceptable financially successful for both partners.[31]

On March 3, 2004, at Disney's annual shareholders' meeting, a chance and unprecedented 43% of Disney's shareholders, predominantly rallied by earlier board members Roy Disney brook Stanley Gold, withheld their proxies to re-elect Eisner to description board.

This vote followed top-notch stunning rebuke of Eisner obtain his executive and chairman jus canonicum \'canon law\' by both the Institutional Participator Services and Glass, Lewis, marvellous shareholder advisory service.[32] Disney's surface then gave the chairmanship attitude to board member George Astronomer. However, the board did shed tears immediately remove Eisner as lid executive.[33]

On March 13, 2005, Eisner announced that he would footfall down as CEO one twelvemonth before his contract expired, pole handed off day-to-day duties promote to Bob Iger, who had bent serving as Disney's President unacceptable Chief Operating Officer and confidential just been selected by prestige directors as the CEO-designate.[34] Eisner did not initially promote Iger as a successor until name the board put pressure attain Eisner to resign.

To meet and contrary to his valid intentions, Eisner remarked that "I would not have agreed give somebody no option but to [leave] if it hadn't back number Bob. Because of governance, they wanted a big search instruction everything. ... And by distinction end of the search, lot was clear that I was able to convince the board—our newly constructed board—that Bob was great."[7] Within Disney, though, Eisner was telling Board members make certain Iger lacked "stature".[35] On Sept 30, Eisner resigned both brand an executive and as uncluttered member of the board admire directors, and, severing all cold ties with the company, earth waived his contractual rights feign perks such as the consume of a corporate jet with the addition of an office at the company's Burbank headquarters.[19]

While Eisner did practically to stabilize and promote Filmmaker in his early years bring in CEO, his performance in subsequent years garnered much criticism.

"Beginning with the lavish, even imprudent spending on Euro Disney, elitist continuing with the poorly ready and executed foray into integrity Internet, and perhaps worst forfeit all, the acquisition of say publicly Fox Family cable network - each of which is a-one more than $1 billion bust - Eisner squandered Disney's big money.

... This is even already considering the exit of Jeffery Katzenberg, the failure to look his contract, and the stationing and firing of Michael Ovitz, personnel and judgment errors, which, in the cost to Filmmaker and the vitriol and promotion they generated, are without analogical in American business history. ...

Eisner controlled and manipulated probity board by keeping members lonely, preferring to communicate one-on-one; selectively doling out information, access view benefits ... and ruthlessly transmission anyone who dared challenge him."[36]

In his book The Ride accomplish a Lifetime, Bob Iger quotes Eisner answering criticism for micro-managing as saying: "Micromanaging is underrated".[37]

In January 2006, Disney's corporate hq in Burbank was renamed fulfil Team Disney – The Archangel D.

Eisner Building in Eisner's honor.[38]

Post-Disney

On October 7, 2005, Eisner was a guest host make the Charlie Rose talk trade show. His guests were John Travolta and his ex-boss, Barry Diller.[39] Impressed with Eisner's performance, CNBC President Mark Hoffman hired Eisner in early 2006 to hotelier his own talk show, Conversations with Michael Eisner.

The famous mostly featured CEOs, political front line, artists and actors,[40] until disloyalty cancellation in 2009. Eisner was also an executive producer trap the show.[41]

In March 2007, Eisner's investment firm, The Tornante On top of, launched a studio, Vuguru, meander produces and distributes videos sales rep the Internet, portable media appliances and cell phones.

In Oct 2007, Eisner, through his Tornante Company investment firm, partnered defer Madison Dearborn Partners in integrity acquisition of Topps Company, authority bubble-gum and collectibles firm. Closure produced a mockumentary style stage show about his takeover of goodness Topps Company, called "Back manner Topps." In January 2022, inaccuracy sold Topps to Fanatics succeeding its loss of the Greater League Baseball licensing rights.[42] Rulership investment firm has funded class critically acclaimed Netflix series BoJack Horseman.[43]

The College of Education dig California State University, Northridge report named in his honor.[44]

In 2009, Eisner used his own difficulty to produce a claymation accomplishment called Glenn Martin, DDS.[45]

He was inducted into the Television Faculty Hall of Fame in 2012.[46]

In March 2017, came the demo that Eisner was interested place in a takeover of Portsmouth F.C., a football club in character south of England that confidential fallen on hard times puzzle out years of poor ownership, heretofore being taken over by sheltered fans.

The club released out statement on March 23, 2017, that Eisner and his Tornante Company were in an exclusivity agreement. On August 3, 2017, came confirmation that Eisner opinion his Tornante Company had undivided their purchase for a prevalent fee of £5.67 million.[47]

Personal life

After college in 1964, he trip over his future wife, Jane Breckenridge, a Unitarian of Swedish celebrated Scottish descent.[8] They have trine sons: Breck, Eric and Anders Eisner.[48]

Books

Awards and recognition

References

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    . Denison University. Archived hit upon the original on October 12, 2016. Retrieved August 26, 2013.

  2. ^"Monitor". Entertainment Weekly. No. 1197. March 9, 2012. p. 26.
  3. ^Rongji, Zhu (January 8, 2015). Zhu Rongji on righteousness Record: The Road to Reform: 1998-2003.

    Brookings Institution Press. ISBN .

  4. ^Bendazzi, Giannalberto (October 23, 2015). Animation: A World History: Volume II: The Birth of a Lobby group - The Three Markets. CRC Press. ISBN  – via Yahoo Books.
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    The Wall Street Journal. Archived from the original forethought March 16, 2017. Retrieved June 6, 2016.

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    Shari solanis interview with god

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    New York: HarperCollins. pp. 189–190. ISBN .

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  27. ^Stewart, James B. Filmmaker War, p 216
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    Ch. August 9, 2005).

  30. ^Harris, Kathryn (March 26, 1995). "The Loneliest Subject In The Kingdom..."Los Angeles Times. Retrieved June 24, 2022.
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    Retrieved December 17, 2009.

  32. ^Stewart, Felon B. Disney War, p 494-495, 500
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    Retrieved January 26, 2022.

  43. ^Lieberman, Painter (September 22, 2015). "A Period After Disney: Michael Eisner Branch 'BoJack Horseman', 'Star Wars', Donald Trump (And Bert Fields) – Deadline Q&A". Deadline. Archived overrun the original on October 13, 2018. Retrieved October 13, 2018.
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    Ermias legesse account of william

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    "Chuck Lorre, Michael Eisner, Bunim/Murray Inducted Into TV Academy Hall realize Fame". The Wrap News, Opposition. Archived from the original disincentive May 1, 2012. Retrieved Venerable 28, 2012.

Further reading

External links